Real Estate
Mortgage Rates in US Decrease for Third Week, Slipping to 6.89%
- For-sale homes are lingering on the market for longer
- Housing costs are ‘eye-wateringly high,’ Realtor.com says
Homes in a residential neighborhood in Crockett, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Mortgage rates in the US dropped for a third straight week, easing pressure on homebuyers.
The average for 30-year loans was 6.89%, down from 6.95% last week, Freddie Mac said in a statement.